Frontier Capital Management Co. LLC decreased its holdings in O’Reilly Automotive Inc (NASDAQ:ORLY) by 32.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 329,289 shares of the specialty retailer’s stock after selling 161,370 shares during the period. O’Reilly Automotive comprises approximately 0.9% of Frontier Capital Management Co. LLC’s holdings, making the stock its 19th largest holding. Frontier Capital Management Co. LLC’s holdings in O’Reilly Automotive were worth $127,863,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Virtus ETF Advisers LLC purchased a new stake in O’Reilly Automotive in the fourth quarter worth $25,000. Advisors Preferred LLC purchased a new stake in O’Reilly Automotive in the first quarter worth $26,000. Berman Capital Advisors LLC purchased a new stake in O’Reilly Automotive in the fourth quarter worth $31,000. CNB Bank purchased a new stake in O’Reilly Automotive in the fourth quarter worth $35,000. Finally, CX Institutional purchased a new stake in O’Reilly Automotive in the first quarter worth $35,000. Institutional investors and hedge funds own 87.65% of the company’s stock.
A number of analysts have weighed in on ORLY shares. Wells Fargo & Co increased their target price on O’Reilly Automotive from $415.00 to $445.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. Atlantic Securities lowered O’Reilly Automotive from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $370.00 to $400.00 in a research note on Friday, March 1st. Zacks Investment Research raised O’Reilly Automotive from a “sell” rating to a “hold” rating in a research report on Friday, April 26th. BidaskClub raised O’Reilly Automotive from a “hold” rating to a “buy” rating in a research report on Thursday, February 14th. Finally, Morgan Stanley increased their price target on O’Reilly Automotive from $385.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. O’Reilly Automotive has a consensus rating of “Buy” and an average target price of $379.13.
ORLY stock traded up $2.24 during trading on Thursday, reaching $355.64. 7,337 shares of the company traded hands, compared to its average volume of 693,621. O’Reilly Automotive Inc has a 12 month low of $264.50 and a 12 month high of $414.63. The company has a market cap of $27.82 billion, a P/E ratio of 22.10, a PEG ratio of 1.30 and a beta of 0.81. The company has a debt-to-equity ratio of 9.29, a current ratio of 0.84 and a quick ratio of 0.10.
O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, April 24th. The specialty retailer reported $4.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $4.05. O’Reilly Automotive had a return on equity of 333.23% and a net margin of 13.87%. The company had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same quarter last year, the company earned $3.61 earnings per share. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, analysts anticipate that O’Reilly Automotive Inc will post 17.77 EPS for the current year.
In other news, EVP Brad W. Beckham sold 5,000 shares of the company’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $370.71, for a total transaction of $1,853,550.00. Following the transaction, the executive vice president now owns 5,454 shares in the company, valued at $2,021,852.34. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Jason Lee Tarrant sold 1,500 shares of the stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $385.43, for a total transaction of $578,145.00. Following the completion of the transaction, the senior vice president now directly owns 1,928 shares of the company’s stock, valued at $743,109.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 63,358 shares of company stock worth $23,967,313. 2.52% of the stock is owned by corporate insiders.
O’Reilly Automotive Profile
O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, and temperature control and water pumps; maintenance items comprising antifreeze and lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; and accessories, such as floor mats, seat covers, and truck accessories.
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